LKQ Corporation announced that it has acquired all assets of Elite Electronics. Elite, based in Richardson, TX, specializes in various automotive diagnostic and repair services. This acquisition launches LKQ into the vehicle services market, converging LKQ’s industry leading parts and distribution business with Elite’s services to further facilitate customers’ needs.
Elite Electronics’ technical solutions are both mobile and on-site and are provided to automotive collision and mechanical repair facilities that are facing the rapidly expanding vehicle diagnostics and calibration marketplace. Re-flashing, programming, pre- and post- collision repair diagnostics, ADAS related calibrations, air bag replacements, theft and vandalism repair, frame replacements and full mechanical services are among the services Elite provides. The robust service offering assists LKQ’s and Elite’s customers with typically time-consuming and challenging repairs. Allowing Elite Electronics to handle any number of these operations improves cycle times, associated repair expenses and customer experiences. Added to the service offering is the backing of LKQ’s expansive distribution network and inventory strength, along with LKQ’s industry leading Promise of Protection – a unique warranty and indemnification program.
Currently providing services in thirteen states, Elite Electronics has significant growth and expansion plans. Don Smith, founder and former owner of Elite Electronics, stated, “from Elite’s very beginning, we knew great things would evolve. The acquisition by LKQ will advance and accelerate that evolution to provide a superior service solution for the industry.”
“We are pleased to welcome Elite Electronics into the LKQ family. LKQ has evaluated numerous options to further assist our loyal customers, and Elite’s services help ease complexity while providing a strong company to address growing automotive technology challenges. We are excited to have Don and his entire team of experts from Elite become a part of LKQ,” stated Terry Fortner, Vice President of Sales and Marketing North America.
LKQ Corporation (www.lkqcorp.com) is a leading provider of alternative and specialty parts to repair and accessorize automobiles and other vehicles. LKQ has operations in North America, Europe and Taiwan. LKQ offers its customers a broad range of replacement systems, components, equipment and parts to repair and accessorize automobiles, trucks, and recreational and performance vehicles.